Royal Bank Of Canada (NYSE:RY) Stock Rating Upgraded by TD Securities

Royal Bank Of Canada (NYSE:RY) (TSE:RY) was upgraded by equities researchers at TD Securities from a “hold” rating to a “buy” rating in a research note issued on Thursday, MarketBeat.com reports.

RY has been the subject of several other reports. Erste Group Bank raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Monday, September 22nd. Natl Bk Canada raised shares of Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a research report on Monday. CIBC cut Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a research report on Friday, September 5th. Cibc World Mkts lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 5th. Finally, Raymond James Financial assumed coverage on Royal Bank Of Canada in a research note on Monday, November 24th. They issued a “moderate buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.50.

Royal Bank Of Canada Trading Up 1.4%

Shares of NYSE RY opened at $156.62 on Thursday. The firm has a 50-day moving average of $147.78 and a 200 day moving average of $138.92. Royal Bank Of Canada has a 1 year low of $106.10 and a 1 year high of $157.98. The stock has a market cap of $219.37 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 1.14 and a beta of 0.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.51 by $0.25. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The company had revenue of $12.27 billion during the quarter, compared to analyst estimates of $12.12 billion. During the same quarter last year, the company earned $3.07 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. As a group, sell-side analysts expect that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Institutional Trading of Royal Bank Of Canada

A number of hedge funds have recently bought and sold shares of the company. Johnson Financial Group Inc. bought a new position in Royal Bank Of Canada in the third quarter valued at about $27,000. Toth Financial Advisory Corp purchased a new stake in shares of Royal Bank Of Canada during the 3rd quarter valued at about $29,000. True Wealth Design LLC bought a new position in shares of Royal Bank Of Canada in the 3rd quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Royal Bank Of Canada in the first quarter worth approximately $32,000. Finally, Atlantic Union Bankshares Corp bought a new stake in Royal Bank Of Canada during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.